Friends Of The Bear Library Association
- Assets
- $506.5k
- Revenue
- $2.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bear, DE
- Founding
- 09/1991
- Data as of
- 06/2017
- EIN
- 51-0334888
Organization Overview
Friends Of The Bear Library Association is located in Bear, DE. The organization was established in 1991. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Bear Library Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2017, Friends Of The Bear Library Association generated $2.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 64.0% each year . All expenses for the organization totaled $10.8k during the year ending 06/2017. While expenses have increased by 18.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE IS TO SUPPORT A LOCAL COMMUNITY LIBRARY'S FACILITIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO SUPPORT LIBRARY PROGRAMS AND PURCHASE ASSETS FOR USE BY THE LIBRARY.
PRINTING AND MAILING COSTS OF A PERIODIC NEWSLETTER TO THE COMMUNITY DESCRIBING LIBRARY SERVICES AND PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Harrington Vice President | OfficerTrustee | 2 | $0 |
Constance Malin President | OfficerTrustee | 2 | $0 |
Jean Runge Treasurer | OfficerTrustee | 2 | $0 |
Donna Draper Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,454 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| Information technology | $265 |
| Royalties | $0 |
| Occupancy | $75 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $784 |
| Insurance | $953 |
| All other expenses | $0 |
| Total functional expenses | $10,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045 |
| Savings and temporary cash investments | $1,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $498,278 |
| Total assets | $506,545 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $506,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Bear Library Association has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The@milton And Dorothy Sarnoff Raymond Foundation Williamstown, MA PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Dauphin County Library System Harrisburg, PA | $25,002,394 | $9,527,130 |
Washington County Free Library Hagerstown, MD | $16,301,833 | $8,756,633 |
York County Library System York, PA | $12,667,989 | $7,212,125 |
Pennsylvania Academic Library Consortium Inc Drexel Hill, PA | $3,964,819 | $6,669,541 |
Washington Research Library Consortium Upper Marlboro, MD | $19,082,145 | $5,815,985 |
Loyola-Notre Dame Library Inc Baltimore, MD | $17,276,844 | $4,820,071 |
Montgomery County Norristown Public Library Norristown, PA | $4,763,623 | $5,116,370 |
Theodore F Jenkins Memorial Law Library Company Philadelphia, PA | $9,335,246 | $5,145,858 |
Library System Of Lancaster County Lancaster, PA | $2,640,900 | $4,312,462 |
Wicomico County Free Library Inc Salisbury, MD | $3,745,578 | $3,405,166 |